The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1887-07-02

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THE BANK OF GREENVILLE,
moi GREENvILI.E. MISSISSIPPI.

w. Al Pollock, w. G.. Yerger. Geo.
h. Billingsley and their associates
and successors are hereby constituted
4 body polite and corporate under
the name and style of the ''bank Of
Greenyille," and by that name shall
have perpetual existence. may sue and
be sued, plead and be impleaded In all
courts Of law and equity, may contract
and be contracted with, acquire, hold
and alien property both real and person.
al, and may have seal and alter the
same at pleasure. N9Nl te
The domlcile OF said corporation shall
be In the City of Greenville. county of
Washington. State OF Mississippi.
| Said corporation Is hereby authorized
to carry or In this State a general bank
ing business; and to that end may In
vest Its capital, profits aud deposits or
any portion thereof In bonds, notes,
bank notes, treasury notes, gold or silver
coin, bullion, bills of exchange, chooses
in action or any other evidence of debt,
and may hold and dispose of the same at
pleasure, and may exercise all incident
al powers necessary 10 carry on agener-
al banking business, and said corpora
tion may loan Its capital, profits, and de-
posits, or any portion thereof on such
terms as may be deemed best, and to Sc
cure the repayment Of such loans may
take personal security or mortgages or
deeds Of trust on any kind of property
real, personal or mixed, aud may deal In
exchange both foreign and domestic
may discount notes or other evidences
of debt and may borrow money.
a The capital stock Of said Bank shall be
| two hundred and fifty thousand dollars.
With the privilege OF increasing said
capital stock at any time to an amount
not exceeding live hundred thousand
| dollars, and SO soon as one hundred
thousand dollars be subscribed to the
capital stock and paid IN, the said Bank
may commence business. Said capital
stock shall be divided into shares Of one
hundred dollars each, but one certifi-
cate for the whole number of shares held
by one person or firm may be issued in
stead Of one certificate for each share.
| said shares Of stock shall be personal
property and Shall be registered In
book to be kept for that purpose by the
Bank. Each share OF stock shall entitle
the holder thereof. to one vote at all
meetings Of the stockholders
The management of said Bank shall
be conilded to II board Of not less than
three or more than seven directors. all
of whom shall be stockholders OF said
bank and who shall be elected annually
from the stockholders.
said Directors shall elect from their
number President and Cashier whose
term OF office shall expire with the term
of the Directors from whom they were
chosen, and both officers and directors
shall hold their offices until their sue
cessors are duly elected and qualified.
Said Board Directors shall have pow
er and authority to make and adopt such
rules, regulations and bylaws for the
government Of said Bank and the trans
action Of the business thereof as they
may deem expedient and best. and shall
prescribe the mode. manner ana terms
upon which Its stock may be transferred,
and shall also regulate and control all
other questions or matters In which said
Bank may be interested provided. such
rules and regulations shall not be incon-
sistent with the constitution and laws of
the United States or the State Of Missis-
sippl.
E Said Bank may hold and possess any
real estate or other property that may
be necessary tr desirable or which II
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debt, and II may ALLEVIATE and dispose of
the same at will.
Theseveral stockholders Of said Bank
shall net be liable for the indebtedness
OF said corporation beyond the amount
due by them to the capital stock upon
the amount subscribed by them respec-
lively,
The Board of Directors shall have
power to authorize the use OF the name
Of said Bank as surety on bonds In
civil suits In any court In this State
(State or FederaD on such terms and un-
der such restrictions as they may see fit
to prescribe.
Said Bank may consolidate with, or
merge into, this corporation any bank
now established or which may hereafter
be established In the City of Green
Vile. ilf fe June n.